Friday, December 12, 2008

TARP to the rescue

Just when you thought the bailout was rightfully dead in the water, what a surprise that the White House and Hank Paulson show up with Federal Reserve Notes in hand. This only proves the case that the administration is bought and paid for, considering they were staunchly against this bill just days ago. Oh how things change when you have a UAW gun pointed to your head! After all, the UAW funded many of these guys' campaigns.

This is yet another stark reversal for the Treasury, who has been strongly against giving the taxpayer giveaway to anyone except those in the financial sector (or those who are best friends with Paulson and Bernanke). We can't be that surprised; this isn't the first time that the Treasury has changed it's mind on something, further proving that they A) don't have the slightest clue as to what they are doing or B) are not working for the taxpayers at all, they are merely puppets for the real shot-callers in this country. I tend to believe it's both.

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